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Breaking News | Ethiopia: Tanneries Shut Down Due to Foreign Currency Shortage

Views: Visits 19 Leather industries and Tanneries are shutting down their processing facilities due to foreign currency shortages, The Reporter learnt from the sector’s association which represents dozens of manufacturers. According to the Ethiopian Leather Industries Association (ELIA), the sector has been facing complex challenges as most factories have been unable to get major inputs including salt, chemicals as well as spare parts and accessories. Even though this sector has been designated by the government as a priority sector, ELIA noted, Commercial Bank of Ethiopia’s (CBE) failure to avail foreign currency has affected the supply of most of these products.

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